Archive – Banking & Fintech

Former British prime minister joins Credit Suisse First Boston

This content was published on May 29, 2001 CSFB hopes that Major, who is leaving British politics after next week’s general election, will be able to attract new clients and keep existing ones. “We are very much looking forward to having him play an active role in advising us and some of our clients,” said John Nelson, chairman of CSFB Europe. “I am…

Traffic talks tackle jams on Europe’s main north-south axis

This content was published on May 29, 2001 Leuenberger called a meeting of the 11 cantons that border the A2 after kilometre-long tailbacks provoked outrage among residents and authorities alike. Much of the congestion is the result of the heavy trucks that wait to pass through the Gotthard tunnel to reach the Italian border. The authorities have decided to create 1,400 posts along…

Union warns railways not to follow British example

This content was published on May 28, 2001 The president of the Swiss Railway and Transport Employees’ Association, Ernst Leuenberger, told a news conference in Bern on Monday that only an integrated rail system could guarantee an optimal service to the travelling public. The union also urged the management of the Federal Railways to avoid any involvement in Britain, arguing that this would…

Farmland retreating in face of urban sprawl

This content was published on May 28, 2001 The studies show that in the past 12 years, some 40 square kilometres of farmland were lost every year. The figures are the most accurate to date, and are based on a comparison of information contained in two surveys between 1979 and 1985 and 1992 and 1997. They show that while farmland still accounts for…

UBS facilitated loan to bankrupt sports firm

This content was published on May 28, 2001 But the bank said it was fully covered against potential losses from its exposure which, it says, amounts to tens of million of francs. A spokeswoman said the loan had already been included in the bank’s first quarter results. “UBS and BNP Paribas co-arranged a syndicated loan of SFr277 million and the exposure of UBS…

Final report on Swissair crash not expected before 2002

This content was published on May 28, 2001 Canadian investigators say so much work still remains to be done that the final report into the tragedy will not be ready until 2002 at the earliest. The Transportation Safety Board of Canada (TSB) told the Canadian Press news agency that the complexity of the investigation meant it was taking a long time to gather…

Army helicopter crash claims fourth victim

This content was published on May 26, 2001 The pilot of the Swiss army Alouette III and two other border guards were found dead at the scene, seven kilometres from the town of Delémont. The one survivor of the accident was taken to hospital in Basel in a serious condition but he died during the night. The defence ministry said the helicopter, which…

Summer begins with the long march to the Alp

This content was published on May 25, 2001 It’s up to the dairyman to decide when conditions are right to move the herds. Depending on the region, the cows are first driven to pastures in the lower pre-Alps, usually in late May, where they spend a few short weeks before being moved to higher ground in the Alps proper. The latter procession is…

Bosses face tough questions at AGMs

This content was published on May 25, 2001 After this year’s shareholder rebellions at the AGMs of Swissair, Sulzer, Kuoni and Zurich Financial Services, Swisscom’s meeting on Tuesday is likely to be a rather quiet affair. The company can boast a 5.7 per cent rise in first quarter cash operating earnings, as well as an endorsement last week from its majority shareholder –…

The business week in Switzerland

This content was published on May 25, 2001 The medical technology group¸ Sulzer Medica, revealed on Monday that it was not fully insured to cover the costs of surgery to replace the faulty hip implants. The Winterthur-based company had previously said that its product liability insurance was adequate to cover costs associated with revision surgery. Shares in the group were under pressure throughout…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Former British prime minister joins Credit Suisse First Boston

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Traffic talks tackle jams on Europe’s main north-south axis

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Union warns railways not to follow British example

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Farmland retreating in face of urban sprawl

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UBS facilitated loan to bankrupt sports firm

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Final report on Swissair crash not expected before 2002

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Army helicopter crash claims fourth victim

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Summer begins with the long march to the Alp

More

Bosses face tough questions at AGMs

More

The business week in Switzerland

Popular Stories

Most Discussed